Schlumberger Release Second Quarter 2021 Financial Results

Global revenue of $5.6 billion increased 8% sequentially
International revenue was $4.5 billion and North America revenue was $1.1 billion
EPS of $0.30 increased 43% sequentially
Cash flow from operations was $1.2 billion and free cash flow was $869 million
Board approved quarterly cash dividend of $0.125 per share

Schlumberger CEO Olivier Le Peuch commented, “Our second-quarter results demonstrate the broad strength of our portfolio, the extent of our market participation—both in North America and internationally—and our enhanced ability to capture and translate activity growth into sustained margin expansion and strong free cash flow. The quarter marks a leap forward in achieving our full-year financial targets with the potential for further upside given the right conditions.

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